Renrenbit
1. Summary
- Description
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Renrenbit
Renrenbit
Renrenbit is a Chinese peer-to-peer lending platform that specializes in cryptocurrency loans. It allows users to borrow either Chinese yuan or crypto assets from third-party investors on the platform, with assets held as collateral to ensure the loans. The collateral rate varies between 65 and 85 percent, depending on the type of assets pledged. If a borrower's loan exceeds the collateral limit, they must add more collateral or face forced liquidation of the assets at the current price. Renrenbit earns revenue by charging a 20 percent commission on the profits or interest collected by lenders. It also offers automatic crypto investment plans for new users, converting deposited Chinese yuan into various crypto assets based on portfolio strategies.
| Price | |
| 52W High price | $2.21 |
| 52W High date | 25th Jan 2022 (3 years ago) |
| All Time High (ATH) Date | 2nd Jan 2025 (4 months ago) |
| All Time Low (ATL) Date | 2nd Jan 2025 (4 months ago) |
| Supply & Trading Volume |
How does Renrenbit's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
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Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 0 |
|---|---|
| Active Reddit Users (past 24h) | 0 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 16 |
| Twitter followers | 0 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://renrenbit.com |
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Has Renrenbit been audited for security?
No security audits found for this project.
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